Jujiang Construction Group Co (HKSE:01459) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Jujiang Construction Group Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Jujiang Construction Group Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Jujiang Construction Group Co's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.02). It may suggest that Jujiang Construction Group Co is progressively becoming less dependent on debt to grow their business.

Jujiang Construction Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jujiang Construction Group Co's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Jujiang Construction Group Co LT-Debt-to-Total-Asset Chart

Jujiang Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

Jujiang Construction Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.03	0.03	0.02	0.02	0.02

Jujiang Construction Group Co LT-Debt-to-Total-Asset Calculation

Jujiang Construction Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	151.648	/	7465.452
	=	0.02

Jujiang Construction Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	151.648	/	7465.452
	=	0.02

Jujiang Construction Group Co (HKSE:01459) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Jujiang Construction Group Co LT-Debt-to-Total-Asset Related Terms

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Jujiang Construction Group Co (HKSE:01459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jujiang Construction Group Co Ltd (HKSE:01459) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 669 Qingfeng South Road (South), Zhejiang Province, Tongxiang, CHN, 314500

Website

https://www.jujiang.cn

Jujiang Construction Group Co Ltd is a civil engineering company. It provides construction contracting services for residential, commercial, industrial, and public works in the People's Republic of China. Its operating business segments are the Construction contracting segment, which is engaged in the provision of services relating to construction contracting in architecture; and the Others segment is engaged in the provision of services on designing, surveying, and consulting relating to construction contracting in architecture, and sale of civil defense products. It generates the vast majority of its revenue from the Construction contracting segment in Mainland China.

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